PEAK6 Investments LLC Boosts Position in PAR Technology Co. (NYSE:PAR)

PEAK6 Investments LLC increased its holdings in PAR Technology Co. (NYSE:PAR - Free Report) by 59.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 83,850 shares of the software maker's stock after purchasing an additional 31,328 shares during the period. PEAK6 Investments LLC owned approximately 0.23% of PAR Technology worth $4,367,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. MetLife Investment Management LLC boosted its stake in PAR Technology by 6.5% during the third quarter. MetLife Investment Management LLC now owns 20,733 shares of the software maker's stock worth $1,080,000 after buying an additional 1,262 shares during the period. Cynosure Group LLC purchased a new position in PAR Technology during the third quarter worth $339,000. BNP Paribas Financial Markets boosted its stake in PAR Technology by 40.6% during the third quarter. BNP Paribas Financial Markets now owns 17,924 shares of the software maker's stock worth $933,000 after buying an additional 5,174 shares during the period. The Manufacturers Life Insurance Company boosted its stake in PAR Technology by 6.0% during the third quarter. The Manufacturers Life Insurance Company now owns 17,135 shares of the software maker's stock worth $892,000 after buying an additional 974 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in PAR Technology by 7.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 298,067 shares of the software maker's stock worth $15,523,000 after buying an additional 20,811 shares during the period.

PAR Technology Price Performance

PAR traded up $1.08 on Friday, hitting $81.14. 364,008 shares of the company's stock were exchanged, compared to its average volume of 635,608. PAR Technology Co. has a fifty-two week low of $36.16 and a fifty-two week high of $82.24. The company has a current ratio of 2.13, a quick ratio of 1.91 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $63.55 and a 200-day moving average price of $54.44. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -324.55 and a beta of 2.14.

PAR Technology (NYSE:PAR - Get Free Report) last posted its quarterly earnings results on Friday, November 8th. The software maker reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.01. PAR Technology had a negative return on equity of 8.99% and a negative net margin of 0.66%. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $91.01 million. During the same quarter in the previous year, the firm earned ($0.35) EPS. The company's quarterly revenue was down 9.6% compared to the same quarter last year. As a group, equities analysts anticipate that PAR Technology Co. will post -1.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PAR shares. Jefferies Financial Group upgraded shares of PAR Technology from a "hold" rating to a "buy" rating and upped their price target for the stock from $45.00 to $60.00 in a report on Monday, August 12th. Benchmark increased their target price on shares of PAR Technology from $69.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, November 12th. Lake Street Capital increased their price target on shares of PAR Technology from $57.00 to $77.00 and gave the company a "buy" rating in a research report on Monday, November 11th. StockNews.com raised shares of PAR Technology to a "sell" rating in a research report on Thursday, November 7th. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 price target on shares of PAR Technology in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.25.

About PAR Technology

PAR Technology Corporation, together with its subsidiaries, provides omnichannel cloud-based hardware and software solutions to the restaurant and retail industries worldwide. The Restaurant/Retail segment offers PUNCHH, an enterprise-grade customer loyalty and engagement solution; MENU, an eCommerce platform for restaurant brands; BRINK POS, an open cloud, point-of-sale solution; PAR PAYMENT SERVICES, a merchant services business that enables electronic payment and processing services for businesses; and DATA CENTRAL, a back-office solution that leverages business intelligence and automation technologies.